NEWS: FinCEN gives U.S. banks checklist to identify Hezbollah transactions

Regulatory Watch News

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  Update to the UK Sanctions List: Syria Regime

  April 25, 2025

  Today, 25 April, the UK government has imposed 348 designations made under the amended Syria (Sanctions) (EU Exit) Regulations 2019 (“the Regulations”). These designations relate to individuals and entities already designated for their involvement with the former Assad regime. The Statement of Reasons for these designations have been amended to reflect the changed political situation in Syria and the amended Regulations. These designations hold individuals and entities accountable for the actions of the Assad Regime. The sanctions imposed remain unchanged for all individuals and entities. 

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  Court further adjourns insider dealing hearing against Wong Pak Ming

  Securities and Futures Commission

  April 25, 2025

  The Eastern Magistrates’ Court has further adjourned the insider dealing case against Mr Wong Pak Ming to 5 June 2025 for mention in the criminal proceedings commenced by the Securities and Futures Commission (SFC) Wong is charged with the offence of insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). He allegedly counselled or procured another person to deal in the shares of Pegasus around 25 August 2017 to 17 October 2017 while he was the chairman and the controlling shareholder of Pegasus and having information which he knew was inside information in relation to Pegasus.  

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  New York Man Charged with Immigration Fraud for Concealing Role as Perpetrator of Rwandan Genocide

  US Department of Justice

  April 24, 2025

  A federal grand jury in Central Islip, New York, returned an indictment April 22 and unsealed today charging a New York man with lying on his applications for a green card and United States citizenship by concealing his past role as a leader and perpetrator of the genocide in Rwanda in 1994. According to court documents, Faustin Nsabumukunzi, 65, of Bridgehampton, New York, was a local leader with the title of “Sector Counselor” in Rwanda in 1994 when the genocide began. Between April and July of that year, members of the majority Hutu population persecuted the minority Tutsis, committing acts of violence including murder and rape. An estimated 800,000 ethnic Tutsis and moderate Hutus were killed during the three-month genocide. Nsabumukunzi was arrested this morning on Long Island and is scheduled to be arraigned at 1:30 p.m. ET before U.S. District Judge Joanna Seybert for the Eastern District of New York.